Magic Leap reportedly laying off 1,000 employees and dropping consumer business

www.theverge.com/2020/4/22/21231236/magic-leap-ar-headset-layoffs-coronavirus-enterprise-business-shift
 

Bloomberg writes that in addition to laying off what amounts to half its workforce, the company will wind down its consumer-focused business, which included video games and entertainment apps.

It will focus on enterprise uses, potentially including a partnership with a large unnamed health care company
 

EDIT 20200522

Magic Leap raises $350 million and puts layoffs on hold

https://www.engadget.com/magic-leap-raises-350-million-puts-layoffs-on-hold-034824726.html